Federal Regulators Testify on Bank Failures
Representatives from the Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve will provide testimony about the failure of two major banks, Silicon Valley Bank and Signature Bank, at an…
NFT Trading Volumes Plunge After Silicon Valley Bank Collapse
Non-fungible tokens, or NFTs, have been a hot topic in the crypto and art worlds lately, with some NFT artworks selling for millions of dollars. NFTs are unique digital assets…
CRYPTOCURRENCY BUSINESS
FDIC
Insolvency
MONEY LAUNDERING
NEW YORK REGULATORS
NEWS
PRIVATE EQUITY FIRMS
Signature Bank
SILICON VALLEY BANK
TRADITIONAL LENDERS
FDIC Requires Potential Buyers of Failed U.S. Banks to Give Up Crypto Services
The Federal Deposit Insurance Corporation (FDIC) has requested banks interested in acquiring failed U.S. lenders, such as Silicon Valley Bank and Signature Bank, to submit their bids by March 17.…
SVC Bank Caught in SVB Collapse Confusion
The recent collapse of Silicon Valley Bank (SVB), a major banking institution based in California, has sent shockwaves throughout the global financial sector. While countless businesses have been directly affected…
US DOJ and SEC launch inquiries into Silicon Valley Bank collapse
The sudden collapse of Silicon Valley Bank (SVB) has attracted the attention of the US Department of Justice (DoJ) and Securities and Exchange Commission (SEC), who have launched investigations into…
Circle’s Stablecoin USDC Affected by Collapsed Bank
Circle CEO and co-founder Jeremy Allaire revealed that the stablecoin issuer had been able to access its $3.3 billion in funds held with Silicon Valley Bank since March 13. Allaire…
Overnight collapse of two traditional banks triggers chaos
On March 11, the financial world was rocked by the sudden collapse of two major traditional banks, Silicon Valley Bank and Signature Bank. This triggered a series of events that…
Bitcoin’s Market Cap Surpasses Meta’s Despite Turbulent Week for Crypto
Bitcoin, the world's most popular cryptocurrency, has managed to flip the market cap of tech giant Meta, despite a turbulent week for the crypto market following the downfall of Silicon…
Yellen Works with Regulators to Address Silicon Valley Bank Collapse
On March 10, 2023, California's financial watchdog shut down Silicon Valley Bank (SVB) following an announcement of a significant sale of assets and stocks to raise $2.25 billion in capital…
Investors Rally to Support Silicon Valley Bank Amidst Possible Closure
Silicon Valley Bank (SVB) has been a major player in the tech industry for over 40 years, providing banking and funding services to countless startups and established companies alike. However,…